Goldman Sachs CEO expects layoffs in first half of January: report

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Earlier this month, there were reports that the banking giant was planning to lay off about 8% of its workforce, or nearly 4,000 employees.

The CEO of Goldman Sachs Group Inc. expects to cut jobs in early January, according to a report late Wednesday.

In his annual year-end letter to staff, Goldman GS Chief Executive David Solomon said “We are conducting a careful review and while discussions are still ongoing, we anticipate our headcount reduction will take place in the first half of January,” according to Bloomberg News. Goldman reintroduced performance reviews in 2022, after suspending them during the pandemic. In pre-pandemic times, about 2% to 5% of its lowest-performing employees would be laid off every year.

 

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Start saving your Pennie’s folks

What about a CEO cut in pay?

10% pink slips in the pipeline

Who cares, what new records did he buy?

Does this include George Santos?

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That’s what they do. They try to scare us into a recession because that’s when the rich get richer.

Will he serenade them out the office with hype beats? 👽😎🥁💻

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